HSR could be revived if cost is cut: Malaysia finance minister Lim Guan Eng

"The project by itself makes some sense but not at the exorbitant cost," said Malaysia's Finance Minister Lim Guan Eng.
"The project by itself makes some sense but not at the exorbitant cost," said Malaysia's Finance Minister Lim Guan Eng.ST PHOTO: ARIFFIN JAMAR

Malaysia has had offers to halve cost of project, says finance chief

Malaysia's Finance Minister has received offers to halve the cost of the high-speed rail (HSR) after Kuala Lumpur expressed reluctance to go ahead with building the 350km line to Singapore.

Speaking to The Straits Times last week, Mr Lim Guan Eng said that while he has not received a formal proposal, these offers showed that the current cost of the Malaysian portion of the link - estimated at RM110 billion (S$37 billion) - was "exorbitant".

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on July 11, 2018, with the headline 'HSR could be revived if cost is cut: Guan Eng'. Print Edition | Subscribe